Multiple Choice
Expo Center Inc. and Festival Music LLC have an executory contract. They agree to rescind it and simultaneously enter into a new contract. If the previous contract was subject to a preexisting duty, the new contract will most likely be
A) invalid.
B) enforceable.
C) valid.
D) voidable.
Correct Answer:

Verified
Correct Answer:
Verified
Q13: Rory questions whether there is consideration for
Q14: Cindy, a real estate agent, sells her
Q15: Key promises to pay Liv, his niece,
Q16: Marketing Solutions Inc. promises to employ Niki
Q17: Exceptions to the preexisting duty rule include
Q19: Adequacy of consideration refers to "how much"
Q20: Dore's Aunt Em tells her, "If I
Q21: Painting a garage can constitute "something of
Q22: With respect to consideration, the application of
Q23: If a debt is liquidated, an accord